Anadarko Petroleum Corporation (NYSE:APC) was the recipient of unusually large options trading activity on Friday. Traders acquired 5,727 call options on the stock. This represents an increase of 163% compared to the typical daily volume of 2,174 call options.

Anadarko Petroleum Corporation (NYSE APC) opened at 48.83 on Monday. The stock’s 50 day moving average is $42.72 and its 200-day moving average is $50.53. Anadarko Petroleum Corporation has a 12 month low of $39.96 and a 12 month high of $73.33. The firm’s market cap is $27.36 billion.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.42). Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business earned ($0.60) EPS. The business’s revenue was up 41.8% on a year-over-year basis. On average, analysts anticipate that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is presently -5.14%.

Anadarko Petroleum Corporation announced that its board has initiated a share repurchase program on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. lifted its stake in shares of Anadarko Petroleum Corporation by 10.7% during the 1st quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock worth $113,000 after buying an additional 176 shares during the last quarter. Guardian Life Insurance Co. of America lifted its stake in shares of Anadarko Petroleum Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after buying an additional 15 shares during the last quarter. FNY Partners Fund LP lifted its stake in shares of Anadarko Petroleum Corporation by 2,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after buying an additional 2,900 shares during the last quarter. Sun Life Financial INC lifted its stake in shares of Anadarko Petroleum Corporation by 1,363.4% during the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after buying an additional 2,795 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its stake in shares of Anadarko Petroleum Corporation by 12.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after buying an additional 402 shares during the last quarter. Institutional investors own 85.05% of the company’s stock.

Several equities analysts have recently commented on APC shares. Royal Bank Of Canada set a $78.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Saturday, June 17th. Mitsubishi UFJ Financial Group upgraded shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Thursday, July 27th. BidaskClub cut shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Stifel Nicolaus boosted their price target on shares of Anadarko Petroleum Corporation from $76.00 to $77.00 and gave the company a “buy” rating in a report on Monday. Finally, Susquehanna Bancshares Inc started coverage on shares of Anadarko Petroleum Corporation in a report on Thursday, June 29th. They set a “positive” rating and a $60.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $70.08.

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About Anadarko Petroleum Corporation

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.